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VAT Information

Provincial Sales Tax in Canada

Should Your Business Be Paying Provincial Sales Tax in Canada?

Foreign businesses may be liable to provincial sales tax in Canada. However, because the legislation is changing quickly and it’s not at a national level, keeping track of how you’re meant to remain compliant is difficult. This article highlights the requirements for provincial sales tax registration in Canada. Background Provincial Canadian tax authorities have either […]

Distance Selling EU VAT Thresholds

Distance Selling EU VAT Thresholds

Distance selling is when a non-resident company sells goods to EU consumers via the internet so for any e-commerce businesses, it’s important to understand the distance selling EU VAT threshholds. It’s one of the most common situations that result in needing a Foreign EU VAT registration. Why is a VAT registration required for distance selling? […]

Japanese Consumption Tax on digital services

What You Need To Know: Japanese Consumption Tax on digital services

We’ve put together this quick guide to Japanese consumption tax (JCT) on digital services. This will help any foreign businesses that may be providing digital or electronic services to Japanese consumers.  Background to Japanese consumption tax on digital services In 2015 Japan’s National Tax Agency (NTA) amended the consumption tax act to correctly levy consumption […]

HMRC's New VAT Treatment of Overseas Goods Sold to UK Customers

HMRC’s New VAT Treatment of Overseas Goods Sold to UK Customers

HMRC’s New VAT Treatment of Overseas Goods Sold to UK Customers July 2020 saw HMRC’s release of its new VAT treatment of overseas goods arriving into Great Britain. This new model is required because the UK will be exiting its transition period come 1 January 2021 and this model will ensure that goods from both […]

Ireland cuts VAT rate from 23% to 21%

Better Late than Never: Ireland cuts VAT rate from 23% to 21%

Better Late than Never: Ireland cuts VAT rate from 23% to 21% As the saying goes, “Better late than never”. The Irish government has dropped VAT rates and introduced new measures to stimulate the economy in the midst of the COVID-19 pandemic.  Announced on 23 July 2020, the temporary VAT rate cut came as one […]

Making tax digital

Corporate Report Lays Out Benefits and Next Steps for HMRC’s Making Tax Digital

HMRC’s Corporate Report Lays Out Benefits and Next Steps for Making Tax Digital Earlier this week (21 July 2020), The UK government released their corporate report titled “Building a trusted, modern tax administration system” which highlighted the next steps of HMRC’s Making Tax Digital programme while also lauding its benefits and success so far.  Published […]

Amazon reminds European Sellers of German VAT Reduction

Amazon reminds European Sellers of German VAT Reduction

Amazon reminds European Sellers of German VAT Reduction Following Germany’s slashing of its VAT rates to create consumer ease amidst the Coronavirus pandemic, Amazon issued an advisory to European sellers reminding them to reduce their German VAT Rates. The German VAT rate was temporarily reduced by 3% for the standard vat rate and by 2% […]

VAT compliance

VAT Compliance: How Best to Manage it for your Business

It’s a constant question for many financial directors over how best to manage VAT compliance for your business. The “VAT compliance” function of a business is the most important tax process for many companies. Especially for businesses who have a presence or trade in multiple jurisdictions.  So how best to approach it? Does one manage […]

Digital Services: VAT obligations and considerations

Digital Services: VAT obligations and considerations

Historically, if a company supplied services from one country into a foreign jurisdiction, there would be no foreign VAT implications. However, with the advent of the digital world, more and more companies are beginning to offer their services via the internet/digitally. This new form of “Digital Service” has had the effect of transferring millions of […]

Managed Compliance for Digital Services businesses

Managed Compliance for Digital Services businesses

This VAT on sales (also known as a consumption tax), places an administrative burden on Digital Service Businesses. This is coupled with the inherent complexities of dealing with foreign tax offices, such as: Language barriers Complex registration and filing requirements Varying filing frequencies Requirements for fiscal representatives This process can prove to be immensely time-consuming […]

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